Tag Archives: risk

Two Sorts of Capital Punishment

There is a massive issue in the SIPP industry at the moment: the FSA’s proposals for a new SIPP capital adequacy regime. There’s a big difference between capital adequacy and capital punishment but, nonetheless, it seems the difference needs clarifying. … Continue reading

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Failing to Illustrate a Simple Truth

Projected growth rates in illustrations are being cut to 2%, 5% and 8% per annum, delivering a supposed cold dose of reality. I can’t really agree. The rationale for reducing the assumed investment returns is that we have been in … Continue reading

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Drawdown Rhetoric Should Be Capped

A tacit competition to find the individual whose drawdown income has fallen the most is raging like a hot new Olympic event. Some providers have then used this to argue that the way capped drawdown operates needs fixing. It’s straight … Continue reading

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United States of Europe – a problem shared is a problem denied

The single currency is a Ponzi scheme on steroids. The Eurozone has become hugely bloated and muscle-bound with debt. It’s a highly unstable – and unsustainable – situation. Yet many are advocating debt mutualisation across the Eurozone and a single … Continue reading

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Hidden histories, hidden heroes

Some people score goals, some don’t. I’m not talking about footballers’ prowess (on the pitch, for the avoidance of doubt). I mean that some people are defenders. And I’m not just talking about football or even sport in general: it’s … Continue reading

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Early pension access: to boost pensions saving or alleviate hardship?

In the Treasury’s consultation paper on early access to pension savings they consider introducing this option for two reasons: as an incentive to boost pensions saving and as a means to alleviate certain cases of hardship. In a previous blog … Continue reading

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Drawdown or annuity: do folks know what they are doing?

My e-friend (have I just coined a new phrase?) Henry Tapper recently challenged how many people in drawdown really know what they are doing. Follow the link if you’d like to check it out for yourself. http://henrytapper.com/2010/11/06/you-dont-know-what-youre-doing/ If you’d prefer a … Continue reading

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